Jimmy Yicheng(McGill University, Montreal, Canada);Emerald Group Publishing LimitedJournal of Money Laundering ControlJimmy Yicheng Huang. Effectiveness of US anti-money laundering regulations and HSBC case study[J], Journal of Money Laundering Control.2015.4....
Purpose – This paper aims to provide a macro analysis of the USA's anti-money laundering (AML) legislation. In examining the context and consequences of these regulations, a general determination can be made on the effectiveness of the current US AML legislation. The major AML regulations in ...
How a US bank stepped up its regulatory compliance efforts and fortified its anti-money laundering controls, avoiding millions in potential penalties. Read more.
Money laundering is a serious concern for most, or all countries across the globe – be a developed or developing nation. That’s why every country has its own set of anti-laundering rules. While we all know that U.S. has strict money laundering rules for its currency, the nation’s Tr...
Your teachers are good to you?[translate] aBoth the US and UK anti-money laundering regimes require banks to verify the identity of their private banking clients. However, as discussed below, the two regimes differ in a number of respects. 正在翻译,请等待...[translate]...
The US and UK anti-money laundering laws and regulations compare favourably. However, there are areas where the two regimes differ and banks with group companies in both the United Kingdom and the United States should consider implementing group anti-money laundering policies that are consistent wit...
The banks responded by saying they do not refuse services on political grounds. The industry is prepping a fresh push for clearer rules, arguing for a clear national standard on fair access to financial services, clarity around anti-money laundering laws that can force banks to close accounts,...
Li, the bank's general manager in New York, said their complaints faded after regulators granted the foreign branch licence last year. He added that the branch was focusing its efforts in the first year on ensuring compliance with US anti-money-laundering regulations and other legal requirements...
Anti-money laundering (AML)/countering the financing of terrorism (CFT)/sanctions compliance.The Joint Statement specifies that banks can manage risk through adequate policies, procedures, oversight and controls to meet AML/CFT requirements — such as monitoring for and reporting suspicious activity, cu...
Zhao, who is also a citizen of Canada, stepped down as CEO of Binance last week after pleading guilty to willfully causing the exchange to fail to maintain an effective anti-money laundering program. U.S. District Judge Richard Jones in Seattle said he would review...